Morris Crisp’s Milan office (Riccardo Agostinelli) advised Banca
Intesa on its e123.5m (£86.2m) acquisition financing for a majority
stake in cosmetics manufacturer Intercos Italia. The purchaser, Dafe, was
represented by Bonelli Erede Pappalardo, while Intercos was advised
Herbert Smith (Jane Borrows) acted for Lehman Brothers as arranger and
co-lead manager on the issue of £1.5bn of multicurrency floating-rate
notes by Lothian Mortgages. The notes are backed by residential flexible
mortgages originated by Standard Life Bank. It is the first time Herbert
Smith has advised Lehman Brothers on a mortgage-backed securitisation.
Slaughter and May (Stephen Cooke) advised Cazenove as underwriter on the
£82m placing and open offer for the mezzanine finance provider
Intermediate Capital Group.
Paul Weiss Rifkind Wharton & Garrison (Mark Bergman, Ian Putnam, John
Connon, Heather White) represented EMI Group on a high-yield offering of
senior notes, upsized from e300m (£209.4m) to e425m (£296.7m).
The notes are due in 2013.
Simmons & Simmons’ London and Rotterdam offices (Christopher Lewis,
Harm van Berkum) advised Home Credit Finance as originator in the first
rated securitisation in the Czech Republic. The transaction involved a
structure using multiple Dutch special-purpose vehicles, enabling Home
Credit Finance to securitise its portfolio of credit card receivables.
Brzobohaty Broz & Honsa acted as Czech counsel to Home Credit Finance.
Chadbourne & Parke (Nabil Khodadad) represented Société
Générale in a $181m (£108.4m) airline lease-financing
transaction for two Boeing 767 aircraft. The purchase financing is
partially guaranteed by the Export-Import Bank of the United States, and
the borrower will lease both aircraft to Uzbekistan Airways.